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Town Sports International Holdings Inc. Message Board

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  • Only insider buying is Walsh, geez where are all the others???? Not sure what he is figuring here, thought he was a smart man! Gave the store away to his COO buddy, lets see what he brings to the table! Going to be a rough ride ahead for employees and vendors, I'm sure there are going to be a haircut in everyones future! Already started to shutdown locations and not renew leases, by xmas they will be a mere shell of what they once were.

    Sentiment: Strong Sell

  • Got a trade alert from PennyStock101 (org) on Friday morning and their pick went up 49% while the rest of the market was seeing red. I suggest everyone signup to their free newsletter they are releasing their next pick early next week! Google "PennyStock101"

  • Reply to

    NYSC

    by iluminatti1966 Aug 21, 2015 2:23 PM

    I'm trying to figure out your points:

    * The retro/planet fitness model is literally the gym for single man who only care about the mirror positions. You will see in time this is not a sustainable business model to be low offerings, low dues.

    Total disagree with you there. From what I see Retro definitely skews toward high school to mid-twenties but I know plenty of adults who belong there too. Many aren't serious "gym goers" but they want to feel they are doing SOMETHING by belonging to a gym. Even if they never go. PF is even more "intro"...offering Tootsie Rolls, pizza and bagels. No more to be said except their enrollment numbers probably surpass any TSI location by a country mile.

    * When I was 17 I cared about price, now I want to be with people who can afford a higher price point and receive a higher level of service.

    I happen to feel the same way as you on this and there is a core constituency that is willing to pay a premium price. But make no mistake: we are in the minority here. Besides, TSI can claim they are premium all they want. Simply saying it doesn't make it true. Based on the TSI clubs that I've been in, it most certainly isn't true.

    * The haters will speak about the condition of the clubs.

    What makes someone who speaks about the condition of the clubs a hater? I was a member of NYSC for about 10 years and the deterioration of the facilities, the staff and the policies was just shameful.

    Sentiment: Strong Sell

  • So many years ago when I worked for TSI we were compared to the Starbucks of the fitness industry, now some may say " high priced cup of coffee that tastes bitter" However I took it as a compliment. Starbucks- very well known brand on every corner, consistent and if you are a regular customer they go the extra mile. That used to be the value proposition. 95 clubs to choose from, where you work and where you live. Lets not fool anyone, the demographic breakdown of TSI has always been 52-48% women. These are professional people who will pay a premium for a gym full of classes, more woman than man and of course close to home. TSI can and should be only competing with Eqx and company owned Crunch locations. The corporate sales division of TSI had over 3500 corporate accounts generating 40-50M annually as most professionals liked what was offered and how we offered to pay for the product. From what I understand they moved away from that model all together which in my opinion is a huge mistake. The retro/planet fitness model is literally the gym for single man who only care about the mirror positions. You will see in time this is not a sustainable business model to be low offerings, low dues. When I was 17 I cared about price, now I want to be with people who can afford a higher price point and receive a higher level of service. The haters will speak about the condition of the clubs. I am a stockholder who is getting killed. Sell Everyday!!

  • Reply to

    Walsh & New COO (college buddies?)

    by mcbeef88 Aug 19, 2015 1:20 PM

    I am missing something here, why the volume, news wasn't that earth shaking????????????????

  • Reply to

    Walsh & New COO (college buddies?)

    by mcbeef88 Aug 19, 2015 1:20 PM

    While accountability is certainly important you seem to believe that the business model can exist. I suppose that's possible if TSI were to consolidate into the 5 Boroughs...maybe Westchester and try to regain the mid-market. I live in the northern NJ/Rockland area and the proliferation of $ 20 per months gyms is staggering. I passed by an older strip mall last week and saw...COMING SOON...RETRO FITNESS. This location is less than 5 miles from another RETRO location and within 10 miles of at least a dozen other low priced options including 24 Hour, LA, Fitness 19 and PF.

    The idea that members get MORE for their $ 20 as compared to these other companies is not factual based on the TSI/NYSC locations that I've been in. The NYSC facilities are neglected (shabby, broken equipment) and the employees are disinterested.

    They should have kept the $ 70 to $ 90 price point strictly within NYC as an alternative to Equinox and NYRC. Keep the places in decent shape. Sell off or close the suburban locations.

    Unfortunately it may be too late for them.

    Sentiment: Strong Sell

  • Reply to

    Walsh & New COO (college buddies?)

    by mcbeef88 Aug 19, 2015 1:20 PM

    Walsh hiring a college buddy or not isn't the problem with TSI. If bringing in new blood, friend or not they must start clean. First and foremost whatever sales team they have in place needs to be shown the door. Selling a low cost model doesn't impact anyone's ability in-fact it should be a pretty easy sell. The entire model has always been "where you work/where you live". The number one problem has always been people and not holding anyone accountable. TSI kept people employed versus holding anyone accountable. Take it from me, I was a very well respected employee who made a tremendous difference for many years. Walsh is a very bright guy, I trust he sees the big picture and will either revamp the entire model or position the company for a massive takeover hence, rake in some $$$

  • Reply to

    Walsh & New COO (college buddies?)

    by mcbeef88 Aug 19, 2015 1:20 PM

    good point. I mostly don't like how much he is being paid...adds to the bloat so to speak. But I agree time to cut costs.

  • Reply to

    Walsh & New COO (college buddies?)

    by mcbeef88 Aug 19, 2015 1:20 PM

    I don't have a problem with that. Two young guys 38 and 39 years old running the company. The first order of business for the new COO is to cut the bloat from the $200 million payroll for a $58 million dollar company.

  • Reply to

    Walsh & New COO (college buddies?)

    by mcbeef88 Aug 19, 2015 1:20 PM

    That makes sense, and seems quite possibly to be the case. Very disappointing move.

  • Reply to

    New COO with NO relevant experience??

    by fc_haven Aug 18, 2015 2:42 PM

    That's not who I thought it would be but somebody likes the selection based on the trading today.

  • The COO and Walsh both attended Boston College at the same time. College Buddy, #$%$!?!?. He is also getting $150,000 more than previous COO and that stock/option package could be work many millions. All this for a guy that has no operations experience and appeared to be unemployed. Again, #$%$!?!? So, what kind of deal doe the CEO get (2x the COO?). Hard not to see this as Walsh making a friend rich. Please tell me I am wrong. I bought in recently betting on Walsh.

  • Reply to

    New COO with NO relevant experience??

    by fc_haven Aug 18, 2015 2:42 PM

    He is probably a home boy of Mr. Walsh, and both together are going suck whatever life is left out of TSI. Not a good sign for the troops, remember the robber barons of the 70 & 80's, the parts of TSI sold off individually maybe more attractive than the sum of all the parts as the company as a whole.

    Sentiment: Strong Sell

  • They hired a new COO at a pretty sizable pay package who was a Wall Street banker/trader? #$%$ is this about? On the surface this makes no sense.

    To me "interest rate trading" doesn't imply someone with experience in restructurings or distressed companies.

  • Reply to

    Hmmm.....

    by casual_observer_27 Jul 30, 2015 8:34 PM

    Check out and see if the new CEO candidate has any experience governing through BK?????

  • Reply to

    Planet Fitness this week!!!!

    by nelsonsancho Aug 3, 2015 7:28 AM

    I agree wholeheartedly, priced for BK and will stay that way until it is delisted, no fool will be pouring any money into this stock. Mr. Walsh is no Houdini, no matter how smart this man is he will not be able to rescue CLUB in its present state. He will ride out BK and restructure the debt as best he can, then come out BK, not as CLUB but probably but as BFX.

    Sentiment: Sell

  • Reply to

    Planet Fitness this week!!!!

    by nelsonsancho Aug 3, 2015 7:28 AM

    CLUB is headed for chapter 11 and the equity will be worth ZERO shortly...not sure what nonsense you're spewing here...tremendous operating deterioration along with a heavy debt load has sealed the deal here...cheers!

  • Reply to

    Planet Fitness this week!!!!

    by nelsonsancho Aug 3, 2015 7:28 AM

    percentage wise,,,, club's stock will gain more!!

    planet fitness will rise on the ipo but if we jump in,,, we will see 7% before the decline,,, at that point it's a buy!

  • Will be a much better stock than CLUB....

  • Reply to

    Another disasterous quarter

    by npharris212 Jul 30, 2015 4:18 PM

    Great question. As TSI's position deteriorates the competition is closing in from both sides. Soul Cycle just announced plans to do an IPO giving them the ability to open LOTS more locations while Planet Fitness is doing an IPO in early August and has announced plans to more than QUADRUPLE their number of gyms.

    Meanwhile TSI struggles and comes up with one failed survival plan after another.

    Clearly it's too late for them. Maybe they can become a Planet Fitness franchisee.

    Sentiment: Strong Sell

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